Bankruptcy - Travelodge by Wyndham | 1710 Jefferson St
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Bankruptcy - Travelodge by Wyndham 1710 Jefferson St
77 Hotel Rooms Online Auction Sale Jefferson City, MO 65109
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Investment Highlights
- Property tours are available by appointment only from 12/10 - 12/12. Please contact the broker to schedule. Walk-ins not permitted.
- Travelodge by Wyndham Jefferson City is located directly off US Route 54, an optimal position for capturing transient demand.
- Positioned with direct proximity to a diverse set of leading demand drivers. Including medical, education, government, and retail establishments.
- 1710 Jefferson presents the market with a rare opportunity to acquire an economy hotel, possessing 77 rooms in Jefferson City, Missouri
- Prominent opportunity to acquire a fee-simple Wyndham asset with ample amenities and value-add upside unencumbered by management.
- Located just south of Downtown Jefferson City, home to several significant government facilities including the State Capitol and Supreme Court.
Executive Summary
CBRE Hotels, as the sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest in the 77-room Travelodge by Wyndham, located in Jefferson City, directly off the area’s main transportation artery, US Route 54, and proximate to the city’s leading demand generators.
The hotel is conveniently accessible off US Route 54 at Ellis Boulevard Exit C, providing guests with access to a diverse mix of attractions throughout the surrounding area. It is located only 2 miles from Downtown Jefferson City, two hours from St. Louis, and two and a half hours from Kansas City.
Jefferson City, Missouri, the state capital, offers a unique blend of historical charm, government influence, and a growing economy. As a central location in the state, it benefits from a strong transportation network and proximity to major cities like St. Louis and Kansas City. The city’s government offices and institutions, including the Missouri State Capitol and the Supreme Court, provide a steady stream provide a steady stream of business travelers and government employees. Additionally, Jefferson City’s thriving healthcare sector, educational institutions, and growing manufacturing industry contribute to a diverse economy. While the market may be smaller compared to larger metropolitan areas, its strategic location and diverse economic base make it an attractive destination for businesses and investors seeking opportunities in government, healthcare, education, and manufacturing.
The Jefferson City Travelodge by Wyndham is surrounded by a mix of demand drivers including government facilities, medical centers, top local employers, education hubs, and retail shopping centers. Notable businesses and entities include the Missouri Supreme Court, Missouri State Capitol, Lincoln University, Capital Region Medical Center, and Capital Mall.
The proposed sale does not include the franchise agreement and any continuing operations as Travelodge Hotels, Inc. ® will require, and is contingent upon, the approval of and a separate agreement with Travelodge Hotels, Inc.
Property tours are available by appointment only from 12/10 - 12/12. Please contact the broker to schedule.
Listed by Matt Bukhshtaber with CBRE, MO license #2011029892.
The hotel is conveniently accessible off US Route 54 at Ellis Boulevard Exit C, providing guests with access to a diverse mix of attractions throughout the surrounding area. It is located only 2 miles from Downtown Jefferson City, two hours from St. Louis, and two and a half hours from Kansas City.
Jefferson City, Missouri, the state capital, offers a unique blend of historical charm, government influence, and a growing economy. As a central location in the state, it benefits from a strong transportation network and proximity to major cities like St. Louis and Kansas City. The city’s government offices and institutions, including the Missouri State Capitol and the Supreme Court, provide a steady stream provide a steady stream of business travelers and government employees. Additionally, Jefferson City’s thriving healthcare sector, educational institutions, and growing manufacturing industry contribute to a diverse economy. While the market may be smaller compared to larger metropolitan areas, its strategic location and diverse economic base make it an attractive destination for businesses and investors seeking opportunities in government, healthcare, education, and manufacturing.
The Jefferson City Travelodge by Wyndham is surrounded by a mix of demand drivers including government facilities, medical centers, top local employers, education hubs, and retail shopping centers. Notable businesses and entities include the Missouri Supreme Court, Missouri State Capitol, Lincoln University, Capital Region Medical Center, and Capital Mall.
The proposed sale does not include the franchise agreement and any continuing operations as Travelodge Hotels, Inc. ® will require, and is contingent upon, the approval of and a separate agreement with Travelodge Hotels, Inc.
Property tours are available by appointment only from 12/10 - 12/12. Please contact the broker to schedule.
Listed by Matt Bukhshtaber with CBRE, MO license #2011029892.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- PIP
Property Facts
| Sale Type | Investment | No. Rooms | 77 |
| Sale Conditions | Auction Sale | Number of Floors | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1991/2013 |
| Property Subtype | Hotel | Parking Ratio | 3.11/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.62 AC | Opportunity Zone |
Yes
|
| Building Size | 28,600 SF |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.62 AC |
| Building Size | 28,600 SF |
| No. Rooms | 77 |
| Number of Floors | 3 |
| Year Built/Renovated | 1991/2013 |
| Parking Ratio | 3.11/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Fitness Centre
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 77 | £61.97 | - |
PROPERTY TAXES
| Parcel Number | 10-0.6-13-000-300-104-2001 | Improvements Assessment | £319,137 |
| Land Assessment | £70,762 | Total Assessment | £389,899 |
PROPERTY TAXES
Parcel Number
10-0.6-13-000-300-104-2001
Land Assessment
£70,762
Improvements Assessment
£319,137
Total Assessment
£389,899
zoning
| Zoning Code | C-2 |
| C-2 |
Sale Advisors
Sale Advisors
Scott Miller, First Vice President
(815) 543-9448
Contact
Scott Miller joined CBRE Hotels in 2015 and works out of the firm's Milwaukee office as a First Vice President. In this role, his focus is on helping clients execute their objectives through strategic dispositions and acquisitions of hotels. Scott is involved in executing all stages of the process in marketing and managing the transaction through completion. Since 2019 Scott and his team have closed on over 42 transactions for over $311M in sales.
Maxx Rohde, Associate
(414) 274-1682
Contact
His focus is on driving value for Clients’ investments, specifically the disposition and acquisition of hotels. Mr. Rohde is responsible for marketing properties, negotiating contracts, and managing and overseeing transactions for a successful sale.
Prior to joining CBRE Hotels, Maxx Worked as an Associate Appraiser for Diversified Real Estate Services Inc. During this time, Mr. Rohde underwrote loans and credit decisions for banks; determining “as is” & “prospective” market values ranging from $500,000 to $13,000,000. In addition, he produced real estate appraisals for industrial office warehouse, retail multi-family, and multi-tenant office properties.
Prior to joining CBRE Hotels, Maxx Worked as an Associate Appraiser for Diversified Real Estate Services Inc. During this time, Mr. Rohde underwrote loans and credit decisions for banks; determining “as is” & “prospective” market values ranging from $500,000 to $13,000,000. In addition, he produced real estate appraisals for industrial office warehouse, retail multi-family, and multi-tenant office properties.
Mark Fair, Managing Director, Select Service Division
(404) 271-6410
Contact
Current Responsibilities
Based in Atlanta, Mark Fair is a Managing Director of JLL’s Hotels & Hospitality Group where he manages the national brokerage and financing operations of the Select Service Division while also working closely with the Full Service Division on significant full-service and luxury asset sales in the Southeast U.S.
Experience
Mr. Fair has represented numerous institutional clients such as ING Clarion, OTO Development, Hyatt, Apple REIT, Federal Reserve Bank of NY, Host Marriott, General Electric, IHG, Bank of America and numerous other private clients in the disposition of over 500 hotels totaling in excess of $8 billion. Prior to JLL, he was one of the founding partners of Thompson Calhoun Fair, and a Senior Vice President of Westinghouse Credit Corporation where he directed the $3+ billion hospitality asset management, loan workout and disposition practice.
Positions
Mr. Fair has held senior real estate positions with Days Inns of America and Buckhead America Corporation as well as hotel operation positions with ITT Sheraton.
Education and Affiliations
He earned an MBA from Georgia State University and has lived in Atlanta since 1979.
Based in Atlanta, Mark Fair is a Managing Director of JLL’s Hotels & Hospitality Group where he manages the national brokerage and financing operations of the Select Service Division while also working closely with the Full Service Division on significant full-service and luxury asset sales in the Southeast U.S.
Experience
Mr. Fair has represented numerous institutional clients such as ING Clarion, OTO Development, Hyatt, Apple REIT, Federal Reserve Bank of NY, Host Marriott, General Electric, IHG, Bank of America and numerous other private clients in the disposition of over 500 hotels totaling in excess of $8 billion. Prior to JLL, he was one of the founding partners of Thompson Calhoun Fair, and a Senior Vice President of Westinghouse Credit Corporation where he directed the $3+ billion hospitality asset management, loan workout and disposition practice.
Positions
Mr. Fair has held senior real estate positions with Days Inns of America and Buckhead America Corporation as well as hotel operation positions with ITT Sheraton.
Education and Affiliations
He earned an MBA from Georgia State University and has lived in Atlanta since 1979.
Al Calhoun, Vice Chairman
(404) 579-7874
Contact
Al Calhoun is Vice Chairman of the CBRE Hotels’ Institutional Group based in Atlanta. He partners with Mark Fair specializing in Select Service Portfolio investment sales in the United States. Since 2005, they have sold 96 portfolios that total over 108,000 rooms with an aggregate value of $12.9 billion. The portfolios range in quality from economy, extended stay hotels to urban, upscale, midrise hotels. Part of their success has been their ability to finance the acquisitions of over 40% of these portfolio transactions.
Al holds a Bachelor of Science degree from Georgia State University’s Cecil B. Day School of Hospitality Administration where he graduated Magna Cum Laude. He also holds the prestigious CCIM designation and is a frequent presenter at hotel industry conferences. Before joining CBRE, Al was a Senior Managing Director at JLL for 15 years. Al was also a founding partner in Thompson Calhoun Fair, which was sold to JLL in 2005. Al was a Senior Vice President with Hodges Ward Elliott, specializing in select service sales for nine years.r or occupier of space.
Al holds a Bachelor of Science degree from Georgia State University’s Cecil B. Day School of Hospitality Administration where he graduated Magna Cum Laude. He also holds the prestigious CCIM designation and is a frequent presenter at hotel industry conferences. Before joining CBRE, Al was a Senior Managing Director at JLL for 15 years. Al was also a founding partner in Thompson Calhoun Fair, which was sold to JLL in 2005. Al was a Senior Vice President with Hodges Ward Elliott, specializing in select service sales for nine years.r or occupier of space.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 2016002032
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Scott Miller -
Maxx Rohde -
Mark Fair -
Power Broker Al Calhoun -
CBRE, Inc.
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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